The tech world sees new trends emerge every year, but the most groundbreaking movement of this year was unexpectedly propelled by an authoritative voice.
On October 25th, Xinhua News reported that during a collective study session on blockchain technology development held the previous day, it was emphasized that blockchain should be treated as a core breakthrough for independent innovation. China possesses a solid foundation in this field and must accelerate the advancement of blockchain technology and industrial applications while promoting its integration with socioeconomic development.
The announcement triggered an immediate surge in cryptocurrency prices, with Bitcoin skyrocketing by 40%. This marks the third time a cutting-edge technology has received such high-level endorsement, following big data and artificial intelligence—both of which have since flourished.
TRON: China’s Beacon in Blockchain Innovation
Globally, mature blockchain projects remain scarce. Among the top ten public chains, only two or three maintain active development: Ethereum, the pioneer, and China’s own TRON. Against all odds, TRON has risen to become one of the world’s top three public blockchains.
Bitcoin, born in 2009, was the first application of blockchain technology. While Bitcoin is widely recognized, blockchain itself remains enigmatic to many. TRON emerged during this technological wilderness in 2014 when Raybo, its predecessor, was founded in Beijing—making it one of China’s earliest blockchain ventures.
Through relentless effort, TRON launched its mainnet on May 31, 2018, achieving independence from the Ethereum network by June 25. By August, with its virtual machine operational, TRON became China’s only public chain capable of rivaling Ethereum. Though tech giants like BAT are exploring blockchain, their projects remain nascent compared to TRON’s rapid progress.
With its foundation solidified, TRON fortified its ecosystem. In July 2018, it acquired BitTorrent Inc., a San Francisco-based firm renowned for its peer-to-peer file-sharing protocol. BitTorrent’s products serve over 170 million monthly users, handling 40% of global internet traffic daily.
This acquisition supercharged TRON’s capabilities. Within a year, TRON revitalized BitTorrent with three new projects:
- BLive: A decentralized live-streaming platform
- BT Speed: A token-incentivized bandwidth-sharing tool
- BTFS: A next-gen decentralized file-storage system
These innovations established TRON as a benchmark for blockchain applications, particularly in reducing the cost of integrating blockchain with real-world scenarios—a model for global adoption.
TRON’s Core Strengths
A blockchain project without real-world use cases is doomed. TRON’s杀手锏 lies in its tangible applications, from decentralized apps (DApps) to stablecoins, earning its reputation as China’s leading民用公链.
DApp Ecosystem
Since launching its virtual machine in 2018, TRON has hosted 600+ DApps, securing its place among the top three public chains. Its SUN Network initiative further lowers development barriers with cost-efficient tools, attracting waves of developers migrating from other platforms.
👉 Discover how TRON empowers developers
Financial Innovations
In March 2019, TRON partnered with Tether to issue USDT-TRON, a stablecoin with over 600 million in circulation—capturing 10% of the stablecoin market. Its instant transfers and zero fees have made it a favorite among users and exchanges alike.
This era isn’t short on trends or technologies, but on visionaries willing to toil through the wilderness. TRON exemplifies this spirit. While many dismissed blockchain as unproven, TRON quietly built the infrastructure that now represents China’s most formidable public chain.
FAQs
1. Why is TRON significant for China’s blockchain development?
TRON is China’s only public chain competing globally, with proven applications in DApps and finance, reducing reliance on foreign platforms like Ethereum.
2. How does USDT-TRON benefit users?
It offers instant, feeless transactions and is widely supported by exchanges, simplifying crypto trading and hedging.
3. What makes BitTorrent valuable to TRON?
BitTorrent’s distributed technology enhances TRON’s scalability, enabling innovations like decentralized storage and live streaming.